5516-F - Further transfer of moneys of the association.

§   5516-f.  Further  transfer  of  moneys  of  the  association.  (a)  Notwithstanding any other provision of  law,  the  association  and  all  officers  and directors with responsibility for custody or investment of  the association's assets are authorized and directed to further transfer  and deposit two hundred  fifty  million  dollars  to  the  miscellaneous  special  revenue fund on or before September thirtieth, nineteen hundred  ninety-nine.    (b) Notwithstanding any other provision of law,  the  association  and  all officers and directors with responsibility for custody or investment  of  the  association's  assets  are  authorized  and directed to further  transfer  and  deposit  all   revenues   generated   pursuant   to   the  association's dissolution pursuant to paragraph two of subsection (c) of  section   five  thousand  five  hundred  two  of  this  article  to  the  miscellaneous special revenue fund on or before December thirtieth,  two  thousand.    (c)  Notwithstanding  any other provision of law, no director, officer  or employee of the association, nor  the  association,  nor  any  public  officer  or  employee,  nor  any  actuary,  attorney,  or advisor to the  association or to the superintendent shall incur or suffer any liability  whatsoever to  any  person  by  reason  of  actions  taken  pursuant  to  authorizations or directions of the provisions of subsections (a) or (b)  of  this  section pursuant to which any of the moneys of the association  are transferred to the miscellaneous special revenue  fund.  Any  action  which  could  have been brought against any of the persons or parties or  entities noted herein, but for the provisions of this section, shall  be  brought against the state.